No Credit Check Loans
Worried about your FICO® score? Our application process won’t penalize your score with the major credit bureaus.
Testimonials reflect the individual's opinion and may not be illustrative of all individual experiences with OppLoans.
What is a no credit check loan?
A no-credit-check loan is a type of loan that typically doesn’t require a hard FICO score credit check from the applicant. This can be appealing to potential borrowers who are concerned about having bad credit or a poor credit history.
A no-FICO-credit-check loan may seem like a good fast-cash option, but there are always risks -- particularly if you are unable to fulfill your repayment obligations. Educating yourself is the best way to make the right borrowing decision for you.
How can I get a no credit check loan?
There are a variety of lenders and financial institutions that provide small-dollar loan options without requiring a look at your credit score. It’s important to research your options before applying for one of these loans, even if it’s an easy, online loan application. Applying for too many loans in a short period of time can still flag you as a risky borrower to lenders, even if they aren’t looking at your FICO score.
Lenders perform credit checks to help make decisions about whether or not potential borrowers are likely to repay their personal loans. While we don’t check your FICO credit score at OppLoans, we want to make sure we set you up for success to make on-time monthly payments. Looking at your credit history can help us do that.2
Will OppLoans check my credit when I apply for an online loan?
Yes and no. OppLoans doesn’t perform hard credit FICO inquiries with the major credit bureaus. Instead, we partner with a credit bureau that doesn’t use credit scores and won’t ding your FICO score when providing us with your credit history.2
OppLoans sees you as more than a credit score number. Unlike many lenders that make decisions about you based on a FICO credit inquiry, our credit check process analyzes an applicant’s creditworthiness and eligibility by looking at their overall ability to repay.
What does OppLoans consider when looking at my credit history?
During the credit review process, we consider multiple factors to assess a borrower’s income, ability to repay, and creditworthiness, including, but not limited to, your:
- Employment status
- Income details
- Bank account
- Financial history
How do Loans through OppLoans work?
Here’s how you can apply for an unsecured installment loan with us:
Fill out our fast and easy online loan application.
Securely connect your bank account.
Review and accept the repayment terms for your potential loan.
Our online loan process is fast. If approved, you may receive your funds as soon as the next business day!1
Will my loan have a high interest rate?
The maximum APR for a loan made available through and serviced by OppLoans is 160%.5 Products offered through OppLoans have different rates and loan terms depending on the state where you live. View our state-by-state breakdown of loan rates and terms here.
Will my loan be secured or unsecured?
Our online loans are considered unsecured loans. We do not require collateral to secure our loans.
How fast will I get my money?
If you’re approved, you may receive money in your account as soon as the next business day! Funds can be deposited the next business day if verification is completed and final approval occurs before 8:00 PM CT, Monday-Friday. Access to your money depends on how quickly your bank processes the transaction.